(MENAFN- PR Newswire) NEW YORK, Feb. 8, 2023 /PRNewswire/ -- According to Technavio, the global public transportation market size is estimated to grow by USD 90.07 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 5.84% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 33%.
The report includes historic market data from 2017 to 2021. In 2017, the market was valued at
USD 235.45 billion.
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Technavio has announced its latest market research report titled Global Public Transportation Market 2023-2027
Public transportation market - Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–
Bargaining Power of Buyers
The threat of New Entrants Threat of Rivalry Bargaining Power of Suppliers Threat of Substitutes Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!
Public transportation market – Customer Landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Public transportation market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on distribution channel (offline and online), type (bus, metro, suburban rail, and light rail transit), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The market growth in the offline segment will be significant during the forecast period. The growth of the segment is driven by the absence of platforms for online ticket distribution and customers' unwillingness to adopt online solutions owing to personal and financial privacy concerns.
Geography Overview
By geography, the global public transportation market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global public transportation market.
APAC will account for 33% of the global market growth during the forecast period. Factors such as the increasing adoption of smartphones, growing internet connectivity, and rapid growth in the number of tourists are driving the growth of the regional market.
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Public transportation market
– Market Dynamics
Key factor driving market growth
The market is driven by the increasing emphasis on vehicular emission reduction. Governments across the world are taking various initiatives to encourage environmentally-friendly transport systems. In many cities worldwide, public transportation is encouraged to reduce gasoline consumption as well as to reduce fossil fuel emissions. Several governments are building bus rapid transit, metro, monorail, and light rail transit systems to address the demand for public transportation. Thus, the growing focus on reducing vehicular emissions will drive the growth of the market in focus during the forecast period.
Leading trends influencing the market
The initiation of self-driving vehicle programs is the key trend in the market. Self-driving vehicles, also known as autonomous vehicles reduce human errors and improve the efficiency of transportation. They help increase the capacity of public transportation systems by allowing more efficient use of resources. Also, these vehicles are capable of providing assistance to people who are unable to drive, such as the elderly, disabled, and young children. Developments in self-driving vehicles are expected to open new opportunities for public transportation, particularly in areas where traditional services are limited.
Major challenges hindering market growth
The high infrastructure maintenance cost of public transportation is one of the major challenges hindering the market growth. Public transport systems incur high infrastructure maintenance costs for governments and transportation agencies. The cost of maintaining and upgrading public transportation systems such as buses, subways, and trains are generally high as they require regular inspections, repairs, and replacements. In addition, many public transport systems across the world are aging, which require significant funding to upgrade and make them meet modern safety standards.
driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!
What are the key data covered in this public transportation market report?
CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the public transportation market between 2023 and 2027 Precise estimation of the size of the public transportation market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the public transportation market industry across APAC, North America, Europe, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of public transportation market vendors
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| Public Transportation Market Scope |
| Report Coverage | Details |
| Page number | 162 |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.84% |
| Market growth 2023-2027 | USD 90.07 billion |
| Market structure | Fragmented |
| YoY growth 2022-2023
(%) | 5.6 |
| Regional analysis | APAC, North America, Europe, South America, and Middle East and Africa |
| Performing market contribution | APAC at 33% |
| Key countries | US, China, India, Japan, and Germany |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Bay Area Rapid Transit, Chicago Transit Authority, Consat AB, Cubic Corp., Deutsche Bahn AG, FirstGroup plc, Flix SE, London and Partners Ltd., Massachusetts Bay Transportation Authority, Metro de Madrid SA, Metropolitan Transportation Authority, MTR Corp. Ltd., San Diego Metropolitan Transit System, Seoul Tourism Organization, Sin U Lian Group, Southern California Regional Rail Authority, SRS Travels, Transdev Group SA, VRL Logistics Ltd., and Washington Metropolitan Area Transit Authority |
| Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Global Market Characteristics Exhibit 04: Executive Summary – Chart on Market by Geography Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel Exhibit 06: Executive Summary – Chart on Market Segmentation by Type Exhibit 07: Executive Summary – Chart on Incremental Growth Exhibit 08: Executive Summary – Data Table on Incremental Growth Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global public transportation market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on Global public transportation market 2017 - 2021 ($ billion)
4.2 Distribution Channel Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Distribution Channel
6.1 Market segments
Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%) Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
6.2 Comparison by Distribution Channel
Exhibit 32: Chart on Comparison by Distribution Channel Exhibit 33: Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2022-2027 Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion) Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion) Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
6.4 Online - Market size and forecast 2022-2027 Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion) Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion) Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Distribution Channel Exhibit 42: Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type - Market share 2022-2027 (%) Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type Exhibit 46: Data Table on Comparison by Type
7.3 Bus - Market size and forecast 2022-2027 Exhibit 47: Chart on Bus - Market size and forecast 2022-2027 ($ billion) Exhibit 48: Data Table on Bus - Market size and forecast 2022-2027 ($ billion) Exhibit 49: Chart on Bus - Year-over-year growth 2022-2027 (%) Exhibit 50: Data Table on Bus - Year-over-year growth 2022-2027 (%)
7.4 Metro - Market size and forecast 2022-2027 Exhibit 51: Chart on Metro - Market size and forecast 2022-2027 ($ billion) Exhibit 52: Data Table on Metro - Market size and forecast 2022-2027 ($ billion) Exhibit 53: Chart on Metro - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Metro - Year-over-year growth 2022-2027 (%)
7.5 Suburban rail - Market size and forecast 2022-2027 Exhibit 55: Chart on Suburban rail - Market size and forecast 2022-2027 ($ billion) Exhibit 56: Data Table on Suburban rail - Market size and forecast 2022-2027 ($ billion) Exhibit 57: Chart on Suburban rail - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Suburban rail - Year-over-year growth 2022-2027 (%)
7.6 Light rail transit - Market size and forecast 2022-2027 Exhibit 59: Chart on Light rail transit - Market size and forecast 2022-2027 ($ billion) Exhibit 60: Data Table on Light rail transit - Market size and forecast 2022-2027 ($ billion) Exhibit 61: Chart on Light rail transit - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Light rail transit - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by Type
Exhibit 63: Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 65: Chart on Market share by geography 2022-2027 (%) Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison Exhibit 68: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027 Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027 Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027 Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027 Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027 Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion) Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion) Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 India - Market size and forecast 2022-2027 Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ billion) Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ billion) Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
9.10 US - Market size and forecast 2022-2027 Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion) Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion) Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027 Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion) Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion) Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027 Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 109: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
11 Vendor Landscape
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 Bay Area Rapid Transit
Exhibit 116: Bay Area Rapid Transit - Overview Exhibit 117: Bay Area Rapid Transit - Product / Service Exhibit 118: Bay Area Rapid Transit - Key offerings
12.4 Chicago Transit Authority
Exhibit 119: Chicago Transit Authority - Overview Exhibit 120: Chicago Transit Authority - Product / Service Exhibit 121: Chicago Transit Authority - Key offerings
12.5 Consat AB
Exhibit 122: Consat AB - Overview Exhibit 123: Consat AB - Product / Service Exhibit 124: Consat AB - Key offerings
12.6 Cubic Corp.
Exhibit 125: Cubic Corp. - Overview Exhibit 126: Cubic Corp. - Business segments Exhibit 127: Cubic Corp. - Key offerings Exhibit 128: Cubic Corp. - Segment focus
12.7 Deutsche Bahn AG
Exhibit 129: Deutsche Bahn AG - Overview Exhibit 130: Deutsche Bahn AG - Business segments Exhibit 131: Deutsche Bahn AG - Key offerings Exhibit 132: Deutsche Bahn AG - Segment focus
12.8 FirstGroup plc
Exhibit 133: FirstGroup plc - Overview Exhibit 134: FirstGroup plc - Product / Service Exhibit 135: FirstGroup plc - Key offerings
12.9 Flix SE
Exhibit 136: Flix SE - Overview Exhibit 137: Flix SE - Product / Service Exhibit 138: Flix SE - Key offerings
12.10 Massachusetts Bay Transportation Authority Exhibit 139: Massachusetts Bay Transportation Authority - Overview Exhibit 140: Massachusetts Bay Transportation Authority - Product / Service Exhibit 141: Massachusetts Bay Transportation Authority - Key offerings
12.11 Metro de Madrid SA
Exhibit 142: Metro de Madrid SA - Overview Exhibit 143: Metro de Madrid SA - Product / Service Exhibit 144: Metro de Madrid SA - Key offerings
12.12 Metropolitan Transportation Authority Exhibit 145: Metropolitan Transportation Authority - Overview Exhibit 146: Metropolitan Transportation Authority - Product / Service Exhibit 147: Metropolitan Transportation Authority - Key offerings
12.13 MTR Corp. Ltd.
Exhibit 148: MTR Corp. Ltd. - Overview Exhibit 149: MTR Corp. Ltd. - Product / Service Exhibit 150: MTR Corp. Ltd. - Key offerings
12.14 Sin U Lian Group
Exhibit 151: Sin U Lian Group - Overview Exhibit 152: Sin U Lian Group - Product / Service Exhibit 153: Sin U Lian Group - Key offerings
12.15 Southern California Regional Rail Authority Exhibit 154: Southern California Regional Rail Authority - Overview Exhibit 155: Southern California Regional Rail Authority - Key offerings
12.16 SRS Travels
Exhibit 156: SRS Travels - Overview Exhibit 157: SRS Travels - Product / Service Exhibit 158: SRS Travels - Key offerings
12.17 VRL Logistics Ltd.
Exhibit 159: VRL Logistics Ltd. - Overview Exhibit 160: VRL Logistics Ltd. - Business segments Exhibit 161: VRL Logistics Ltd. - Key offerings Exhibit 162: VRL Logistics Ltd. - Segment focus
13 Appendix
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology Exhibit 167: Validation techniques employed for market sizing Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations
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